The U.S. and Mexico metal stamping market size is estimated to reach USD 80.83 billion by 2030, expanding at a CAGR of 4.2% from 2025 to 2030. Rising demand for metal stamping in various industries and growing adoption of Electric Vehicles (EVs) is anticipated to contribute to market growth over the forecast period. Metal stamping is used in various industries including automotive, aerospace, consumer appliances, and industrial machinery. Its increasing demand in industrial machinery coupled with the rising use of robotics and automation is expected to further contribute to the growth of metal stamping industry over the coming years.
Rising demand for EVs is encouraging key players to further expand their manufacturing facilities. For instance, in February 2021, Magna International Inc. announced its plan about setting up of Magna Electric Vehicle Structures, in St. Clare. Michigan, U.S. This new entity will build complex battery enclosures for electric propulsion vehicles. Process-wise, blanking accounted for the largest revenue share of the overall market. This process is proven to be efficient owing to its economic manufacturing for large volumes. Equipment used in the process can be configured as per required customizations with ease and the primary metal is fed continuously in the machine. This simple procedure enables the blanking operation to be performed in long production runs.
Region-wise, the U.S. held the largest revenue share in 2021 and this trend is anticipated to continue over the forecast period. A rise in military spending along with increasing investments in EVs and consumer appliance industries are growth drivers for the market. For instance, in 2020, the U.S. accounted for ~39.0% of the global military spending, becoming the largest spender with an estimated budget of USD 778 billion. The competitive rivalry remains intense for the industry. The ongoing COVID-19 pandemic has affected the market significantly as many key players had to shut down their operations in the first half of 2020. However, with efficient management, their revenues rebounded to normal levels in the second half of 2020.
Rising demand for EVs is encouraging key players to further expand their manufacturing facilities. For instance, in February 2021, Magna International Inc. announced its plan about setting up of Magna Electric Vehicle Structures, in St. Clare. Michigan, U.S. This new entity will build complex battery enclosures for electric propulsion vehicles. Process-wise, blanking accounted for the largest revenue share of the overall market. This process is proven to be efficient owing to its economic manufacturing for large volumes. Equipment used in the process can be configured as per required customizations with ease and the primary metal is fed continuously in the machine. This simple procedure enables the blanking operation to be performed in long production runs.
Region-wise, the U.S. held the largest revenue share in 2021 and this trend is anticipated to continue over the forecast period. A rise in military spending along with increasing investments in EVs and consumer appliance industries are growth drivers for the market. For instance, in 2020, the U.S. accounted for ~39.0% of the global military spending, becoming the largest spender with an estimated budget of USD 778 billion. The competitive rivalry remains intense for the industry. The ongoing COVID-19 pandemic has affected the market significantly as many key players had to shut down their operations in the first half of 2020. However, with efficient management, their revenues rebounded to normal levels in the second half of 2020.
U.S. And Mexico Metal Stamping Market Report Highlights
- Based on process, the blanking segment held the largest revenue share of over 32.0% in 2024. It is a preferred choice in end-use industries such as aerospace, automotive, and household appliances, where mass production of components takes place
- Based on application, the consumer appliances segment is anticipated to register the fastest growth rate of 5.7% across the forecast period, owing to rapid technological advancements and rising demand for home appliances
- Based on region, U.S. held a majority revenue share of the overall U.S. and Mexico metal stamping market. Rising utilization of metal stamping in military aircrafts and other equipment is benefitting market growth
- Additive manufacturing offers a lucrative growth opportunity for the metal stamping industry. The technology provides various benefits such as minimized waste, reduced energy and labor costs, and potential for the production of smaller and complex geometries
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments
- Competitive Landscape: Explore the market presence of key players worldwide
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
The leading players in the U.S. and Mexico Metal Stamping market include:
- ACRO Metal Stamping
- Ford Motor Company
- Goshen Stamping Company
- Harvey Vogel Manufacturing Co.
- Kapco Metal Stamping
- Magna International Inc.
- Martinrea International Inc.
- Oberg Industries
- Pacific Metal Stampings, Inc.
- Autokiniton US Holdings, Inc.
Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Market Variables, Trends, and Scope
Chapter 4. U.S. and Mexico Metal Stamping Market: Process Estimates & Trend Analysis
Chapter 5. U.S. and Mexico Metal Stamping Market: Application Estimates & Trend Analysis
Chapter 6. U.S. and Mexico Metal Stamping Market: Thickness Estimates & Trend Analysis
Chapter 7. U.S. and Mexico Metal Stamping Market: Pres Type Estimates & Trend Analysis
Chapter 8. U.S. and Mexico Metal Stamping Market: Regional Estimates & Trend Analysis
Chapter 9. Competitive Landscape
List of Tables
List of Figures
Companies Mentioned
- ACRO Metal Stamping
- Ford Motor Company
- Goshen Stamping Company
- Harvey Vogel Manufacturing Co.
- Kapco Metal Stamping
- Magna International Inc.
- Martinrea International Inc.
- Oberg Industries
- Pacific Metal Stampings, Inc.
- Autokiniton US Holdings, Inc.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 100 |
| Published | October 2024 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 63.45 Billion |
| Forecasted Market Value ( USD | $ 80.83 Billion |
| Compound Annual Growth Rate | 4.2% |
| Regions Covered | Mexico, United States |
| No. of Companies Mentioned | 10 |
